real-time news and commentary for investors
Friday, Sep 13
SunEdison lower after pricing 30M-share stock offering at $7.25
- Not counting any use of a 4.5M-share overallotment option, the offering is set to yield gross proceeds of $217.5M, and increase SunEdison's (SUNE -1.5%) diluted share count by 13%. (PR)
- Shares are still trading above the offering price, but down 11% from where they traded before the offering was first announced on Tuesday.